The plan

Mario Draghi has just revealed a series of innovative plans to stimulate bank lending.
One of the blocks to growth inside the Euroland and in the UK has been the difficulty of getting banks to lend to the SMEs who are the backbone to growth in an economy. In this country even whilst interest rates were at rock bottom the Small and Medium Enterprises have found it hard to get loans. Governments and Central Bankers have, through Quantitative Easing had their balance sheets rewritten by the taxpayer, billions have been pumped into the banks to make them liquid and encouraged to lend but the money has stuck inside the bank. On the one hand it was used to build up reserves and on the other continue to trade and pay eye watering bonuses to their Investment operatives who continue to lay mouthwatering sums on the progress of the fly on the wall, and the movement of currencies.
Draghi's  plan is to encourage the Banks to lend and stimulate the economy, national growth and thereby increase the tax take to release the pressure of government indebtedness.
It's a proper plan. It takes the game away from the money-market trade and places it back where traditionally the banks used to earn their income, lending to enterprise for growth and job creation.
The ugly sister in the Draghi household is the Market and its reaction. Almost immediately the market fell as the fund managers saw their cosy game of the money-trade being threatened by proper economics. For them a short term gain is worth a hundred thousand jobs and it illustrates the divide and distortion of capitalism,  (or at least capitalism, post Keynes)  has had on the living standards and the disequilibrium which is the Global Market Place. The disproportionate wealth holding of the the 1% who own 50% of the wealth and the inevitable disconnect between "them and us" is an almost insoluble problem as these two worlds pass further from each other, like planets under different gravity fields, they drift away into the abyss.
Capitalism the mechanism whereby industry and business raised capital for investment into plant and equipment and were in turn the developing element in job creation. The money those jobs earned being syphoned  back to the bank through the individuals bank account to allow the bank to continue lending was a mechanism that worked, so long as there were rules and constraints such as Bretten Woods but with neo-capitalism and the dismemberment of the rules and guidelines which Keynes and others had so carefully crafted the age of the free-for-all market capitalism was born.
Draghi's attempt at encouraging Banking discipline will sink or swim on the reaction of 'Fund Managers', people who serve their own or their clients short term interests and not the long term prosperity of the society at large.